Popular Articles
T-Bills
What are T-Bills? Treasury bills (T-Bills) are a secure, short-term investment, offering you returns after a relatively short period of commitment of funds. T-Bills are offered by the Central Bank of Kenya. How do T-Bills work? When you lend the ...
Intra Day Trading
Intraday trading refers to same-day trading whereby you can be able to buy shares and sell them within the same day. Currently, settlement (actual transfer of shares from the previous owner to you) takes 3 working days. The good news is that the ...
Abacus Investment Account
What is an Abacus Investment Account? Abacus Investment Account is an account held in custody by a licensed custodian, SBM Bank Kenya. This account holds all shares, bonds, and derivatives. How do I open an Abacus Investment Account? You can open an ...
Charges For Investing On Abacus
Charges are: 1: Brokerage Commission of 1.76%. 2: CDSC Transaction Levy: 0.08%. 3: CMA Guarantee Fund: 0.01%. 4: CMA Transaction Levy: 0.12%. 5: CDSC Guarantee Fund: 0.01%. 6: NSE Transaction Levy: 0.12%. 7: Stamp Duty: KES 2 for every KES 10,000. 8. ...
How Long Should I Wait Until An Order Is Filled?
The availability of the shares you want to buy or sell depends on the bids and asks in the market. The bid price is what buyers are willing to pay for it. The ask price is what sellers are willing to take for it. You can view the bids and asks on the ...